Volatility rushed back into Bitcoin in the past 24 hours, albeit mostly in the right direction as analysts predict whether BTC is headed for $70,000 — or not. One point for the latter might be Bitcoin exchange reserves hitting their lowest levels since 2018, which may cause a supply shock. Elsewhere, reports circulate that President-elect Donald Trump will sign executive orders pertaining to crypto on day one back in the Oval Office, an appellate court criticizes the SEC in the Coinbase case and Tether is moving its headquarters and subsidiaries to El Salvador!
Further reading:
- Bitcoin could dip to $70K, but current price a ‘good entry point’ — Fundstrat
- MicroStrategy buys Bitcoin dip, holdings surpass 450K BTC
- Bitcoin exchange reserves near 7-year low as hedge funds buy the dip
- Donald Trump could issue crypto executive orders on first day: Report
- Appellate court grants partial win for Coinbase over SEC rules
- Tether will relocate HQ to El Salvador after securing license
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